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Chevron Cuts Its Long-Term Capital Spending Forecast by 25%

Chevron Cuts Its Long-Term Capital Spending Forecast by 25%

Chevron (NYSE: CVX) announced today that it has updated its long-term capital spending outlook. Meanwhile, it sees capital spending averaging between $14 billion to $16 billion per year through 2025. Chevron plans to prioritize investments that should grow its long-term value, deliver higher returns, and lower its carbon intensity.